Narrate briefly the importance of Corporate Governance Report and also state who can certify the compliance of such report. Explain the relevant provisions of SEBI (Listing Obligations & Disclosure Requirement) Regul

Corporate Governance aims to improve the company's image, efficiency, effectiveness and social responsibility. It encompasses in itself a range of corporate controls and accountability mechanisms designed to meet the aims of corporate stockholders. It deals with issues regarding transparency accounting integrity, composition of the board of directors, the role of non-executive directors and their accountability to shareholders, etc. A good corporate governance report should not only be driven by what is required by law, but also by what the investors want to know. It encompasses a broad spectrum of elements, ranging from the role and powers of the board, legislation, board independence, and code of conduct to financial and operational reporting, audit committees, and risk management etc. As per Schedule V of the SEBI (LODR) Regulations, 2015, Corporate Governance Report is a part of Annual Report. The company is required to obtain a Compliance certificate from, either the auditors or practicing company secretaries, regarding compliance of conditions of corporate governance and annex the same with the directors' report.